The Consumer Protection Service announces the updated Consumer Price Watch for the month of February 2023. The Observatory presents the weighted average price for 250 key consumer products (food and other products), based on the quantities and prices per day at which these products were sold in 400 retail outlets nationwide throughout the month.
The purpose of the Observatory is to provide the consumer with an objective comparative record of purchase prices from all retail outlets, supermarkets, bakeries, bakeries, bakeries, kiosks, etc.
In conclusion, the valuation carried out for the month of February shows that prices are showing significant moderation, which reflects the continuous downward trend in the rate of inflation. Out of a total of 45 commodity categories, 25 categories recorded a decline and 10 categories recorded marginal increase of 1-2% except for vegetables/greens which recorded large increases due to weather conditions and increased demand on Good Monday and LPG cylinders. The remaining prices were limited to minimal increases of less than 1%.
The Consumer Protection Service clarifies that the Price Watches are prepared solely for consumer information purposes and in no way constitute advice. The Price Observatory is not intended to and cannot replace the market research to be carried out by each consumer on the basis of his or her own preferences, data and needs, nor is it intended to indicate to consumers the points of sale to choose or specific products.
In particular, it should be noted that some of the products included in the Price Observatory are subject to qualitative differences which cannot be determined. To this end, the Service encourages consumers to carry out meaningful market research before making purchases, taking into account the results of this Observatory.
The detailed data of the Observatory are available at website of the Consumer Protection Agency.
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